Annual report pursuant to Section 13 and 15(d)

Operating Leases (Tables)

v3.20.1
Operating Leases (Tables)
12 Months Ended
Dec. 31, 2019
Operating Leases (Tables)  
Schedule of future minimum lease payments

For the twelve months ended December 31

 

 

 

2020

 

$ 438,840

 

2021

 

 

438,840

 

2022

 

 

351,027

 

2023

 

 

45,000

 

2014

 

 

11,250

 

Total

 

 

1,284,957

 

Less discount

 

 

(94,241 )

Total lease liabilities

 

 

1,190,716

 

Less current portion

 

 

(383,307 )

Operating lease obligation, net of current portion

 

$ 807,409

 

Schedule of lease cost

 

 

Year

Ended

December 31,

2019

 

 

 

 

 

Operating lease cost

 

$ 1,284,957

 

Short-term lease cost (1)

 

 

3,150

 

Total lease cost

 

$ 1,288,107